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Lekoil

AIM:LEK
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LEK
AIM
£37M
Market Cap
  1. Home
  2. GB
  3. Energy
Company description

Lekoil Limited explores for, develops, and produces petroleum oil and natural gas in Nigeria, Namibia, Cayman, and internationally. The last earnings update was 206 days ago. More info.


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  • Lekoil has significant price volatility in the past 3 months.
LEK Share Price and Events
7 Day Returns
4.5%
AIM:LEK
0.4%
GB Oil and Gas
0.6%
GB Market
1 Year Returns
-60.4%
AIM:LEK
17.2%
GB Oil and Gas
1.1%
GB Market
LEK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lekoil (LEK) 4.5% -24.2% -35.6% -60.4% -59.6% -88.8%
GB Oil and Gas 0.4% 4% 7.4% 17.2% 50.4% -2.9%
GB Market 0.6% 3.6% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • LEK underperformed the Oil and Gas industry which returned 17.2% over the past year.
  • LEK underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
LEK
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Lekoil's competitors could be found in our database.

LEK Value

 Is Lekoil undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Lekoil to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Lekoil.

AIM:LEK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:LEK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.954 (1 + (1- 30%) (52.96%))
1.206
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.206 * 5.96%)
8.41%

Discounted Cash Flow Calculation for AIM:LEK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Lekoil is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

AIM:LEK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.41%)
2019 -6.30 Est @ 2.48% -5.81
2020 -6.43 Est @ 2.1% -5.47
2021 29.00 Analyst x1 22.76
2022 36.00 Analyst x1 26.06
2023 36.66 Est @ 1.84% 24.48
2024 37.27 Est @ 1.66% 22.95
2025 37.84 Est @ 1.53% 21.50
2026 38.38 Est @ 1.44% 20.11
2027 38.91 Est @ 1.37% 18.81
2028 39.43 Est @ 1.33% 17.58
Present value of next 10 years cash flows $162.97
AIM:LEK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $39.43 × (1 + 1.23%) ÷ (8.41% – 1.23%)
$555.43
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $555.43 ÷ (1 + 8.41%)10
$247.64
AIM:LEK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $162.97 + $247.64
$410.61
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $410.61 / 536.53
$0.77
AIM:LEK Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of AIM:LEK)
0.77
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $0.77 x 0.77
£0.59
Value per share (GBP) From above. £0.59
Current discount Discount to share price of £0.07
= -1 x (£0.07 - £0.59) / £0.59
88.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Lekoil is available for.
Intrinsic value
>50%
Share price is £0.0697 vs Future cash flow value of £0.58952
Current Discount Checks
For Lekoil to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Lekoil's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Lekoil's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lekoil's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lekoil's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:LEK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in USD $0.04
AIM:LEK Share Price ** AIM (2019-04-18) in GBP £0.07
AIM:LEK Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.298 $0.09
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PE Ratio Median Figure of 32 Publicly-Listed Oil and Gas Companies 9.96x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Lekoil.

AIM:LEK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:LEK Share Price ÷ EPS (both in USD)

= 0.09 ÷ 0.04

2.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lekoil is good value based on earnings compared to the GB Oil and Gas industry average.
  • Lekoil is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Lekoil's expected growth come at a high price?
Raw Data
AIM:LEK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PEG Ratio Median Figure of 19 Publicly-Listed Oil and Gas Companies 0.47x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Lekoil, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Lekoil's assets?
Raw Data
AIM:LEK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in USD $0.39
AIM:LEK Share Price * AIM (2019-04-18) in GBP £0.07
AIM:LEK Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.298 $0.09
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PB Ratio Median Figure of 102 Publicly-Listed Oil and Gas Companies 0.85x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
AIM:LEK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:LEK Share Price ÷ Book Value per Share (both in USD)

= 0.09 ÷ 0.39

0.23x

* Primary Listing of Lekoil.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lekoil is good value based on assets compared to the GB Oil and Gas industry average.
X
Value checks
We assess Lekoil's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Lekoil has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LEK Future Performance

 How is Lekoil expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
31.3%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Lekoil expected to grow at an attractive rate?
  • Unable to compare Lekoil's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Lekoil's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Lekoil's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:LEK Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:LEK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 31.3%
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:LEK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:LEK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 150 34 2
2020-12-31 144 37 1
2019-12-31 105 25 1
2018-12-31 58 6 2
AIM:LEK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-06-30 46 -6 19
2018-03-31 39 -9 12
2017-12-31 31 -12 5
2017-09-30 19 -4 -9
2017-06-30 7 3 -22
2017-03-31 3 6 -19
2016-12-31 9 -15
2016-09-30 1 -16
2016-06-30 -6 -18
2016-03-31 -7 -18
2015-12-31 -8 -17
2015-09-30 -12 -10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Lekoil is high growth as no earnings estimate data is available.
  • Lekoil's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:LEK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Lekoil Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:LEK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2018-12-31
AIM:LEK Past Financials Data
Date (Data in USD Millions) EPS *
2018-06-30 0.04
2018-03-31 0.02
2017-12-31 0.01
2017-09-30 -0.02
2017-06-30 -0.04
2017-03-31 -0.04
2016-12-31 -0.03
2016-09-30 -0.03
2016-06-30 -0.04
2016-03-31 -0.04
2015-12-31 -0.05
2015-09-30 -0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Lekoil will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Lekoil's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Lekoil has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LEK Past Performance

  How has Lekoil performed over the past 5 years?

  • Lekoil's last earnings update was 206 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Lekoil's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Lekoil's year on year earnings growth rate has been positive over the past 5 years.
  • Lekoil has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Lekoil has become profitable in the last year making it difficult to compare the GB Oil and Gas industry average.
Earnings and Revenue History
Lekoil's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Lekoil Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:LEK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 46.29 19.27 28.13
2018-03-31 38.57 12.21 28.43
2017-12-31 30.85 5.15 28.73
2017-09-30 18.90 -8.64 25.25
2017-06-30 6.95 -22.44 21.77
2017-03-31 3.47 -18.67 21.74
2016-12-31 -14.91 21.71
2016-09-30 -16.39 23.40
2016-06-30 -17.88 25.08
2016-03-31 -17.64 23.41
2015-12-31 -17.40 21.74
2015-09-30 -10.18 17.31
2015-06-30 -2.95 12.89
2015-03-31 -2.44 11.95
2014-12-31 -1.93 11.02
2014-09-30 -4.18 11.07
2014-06-30 -6.42 11.13
2014-03-31 -8.72 10.74
2013-12-31 -11.01 10.36
2013-09-30 -10.63 8.71
2013-06-30 -10.25 7.06
2013-03-31 -6.63 5.44
2012-12-31 -3.02 3.81

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Lekoil has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Lekoil used its assets more efficiently than the GB Oil and Gas industry average last year based on Return on Assets.
  • Lekoil has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Lekoil's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Lekoil has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LEK Health

 How is Lekoil's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Lekoil's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lekoil is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Lekoil's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lekoil's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lekoil Company Filings, last reported 9 months ago.

AIM:LEK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 208.19 25.71 9.84
2018-03-31 208.19 25.71 9.84
2017-12-31 205.78 29.51 6.92
2017-09-30 205.78 29.51 6.92
2017-06-30 184.52 39.79 6.39
2017-03-31 184.52 39.79 6.39
2016-12-31 198.09 27.39 3.28
2016-09-30 198.09 27.39 3.28
2016-06-30 193.44 19.16 7.62
2016-03-31 193.44 19.16 7.62
2015-12-31 200.76 8.25 26.02
2015-09-30 200.76 8.25 26.02
2015-06-30 167.74 9.99 41.38
2015-03-31 167.74 9.99 41.38
2014-12-31 173.77 0.00 49.23
2014-09-30 173.77 0.00 49.23
2014-06-30 178.07 0.00 61.74
2014-03-31 178.07 0.00 61.74
2013-12-31 147.09 0.00 66.63
2013-09-30 147.09 0.00 66.63
2013-06-30 43.83 0.00 5.94
2013-03-31 43.83 0.00 5.94
2012-12-31 0.85 0.00 0.81
  • Lekoil's level of debt (12.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 12.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Lekoil earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Lekoil's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Lekoil has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LEK Dividends

 What is Lekoil's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Lekoil dividends.
If you bought £2,000 of Lekoil shares you are expected to receive £0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Lekoil's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Lekoil's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:LEK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.7%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AIM:LEK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2018-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Lekoil has not reported any payouts.
  • Unable to verify if Lekoil's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Lekoil's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Lekoil has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Lekoil's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lekoil afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lekoil has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LEK Management

 What is the CEO of Lekoil's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lekan Akinyanmi
COMPENSATION $1,712,000
AGE 46
CEO Bio

Mr. Olalekan Akinyanmi, also known as Lekan, serves as the Chief Executive Officer and Executive Director of Lekoil Ltd. He has over 20 years' experience in the oil and gas industry with AllianceBernstein L.P. in New York, where he spent six years as a Research Analyst and Portfolio Manager covering Energy and Materials worldwide. Mr. Akinyanmi was an Associate Analyst of UBS Investment Bank, Research Division. He has held senior positions at 3Fold Ventures and Encabler Inc, a Californian headquartered technology company specialising in interactive television software, which he founded in June 2000, as well as successfully negotiating and raising the first round of equity capital for the Company's operations. Prior to founding Encabler Inc, Mr. Akinyanmi worked as lead engineer for Schlumberger Limited, where he advanced High Pressure High Temperature wireline operations for Texaco's North Sea oil prospects. His work at Schlumberger took him to a number of different petroleum jurisdictions including Scotland, Oman, Pakistan, Egypt and Nigeria. Mr. Akinyanmi graduated from the Obafemi Awolowo University in Nigeria with a Bachelor of Science Degree in Electronic and Electrical Engineering and also holds an MBA from Massachusetts Institute of Technology (MIT) Sloan School of Management.

CEO Compensation
  • Insufficient data for Lekan to compare compensation growth.
  • Lekan's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Lekoil management team in years:

1.3
Average Tenure
  • The average tenure for the Lekoil management team is less than 2 years, this suggests a new team.
Management Team

Lekan Akinyanmi

TITLE
CEO & Executive Director
COMPENSATION
$2M
AGE
46

Lisa Mitchell

TITLE
CFO & Director
COMPENSATION
$444K
AGE
51
TENURE
1.5 yrs

Adeleke Adedipe

TITLE
Chief Operations Officer
TENURE
1.3 yrs

Samuel Olotu

TITLE
Chief Technology Officer

Kike Fajemirokun

TITLE
Head of Human Resources & Admin
TENURE
1.3 yrs

Gloria Iroegbunam

TITLE
GM of Legal & Company Secretary
TENURE
1.3 yrs

Hamilton Esi

TITLE
General Manager of Corporate Communications
Board of Directors Tenure

Average tenure and age of the Lekoil board of directors in years:

4.9
Average Tenure
57.5
Average Age
  • The tenure for the Lekoil board of directors is about average.
Board of Directors

Sam Adegboyega

TITLE
Non-Executive Chairman
COMPENSATION
$151K
AGE
64
TENURE
7.9 yrs

Lekan Akinyanmi

TITLE
CEO & Executive Director
COMPENSATION
$2M
AGE
46

Lisa Mitchell

TITLE
CFO & Director
COMPENSATION
$444K
AGE
51
TENURE
1.5 yrs

Greg Eckersley

TITLE
Non-Executive Director
COMPENSATION
$111K
AGE
53

Aisha Oyebode

TITLE
Non-Executive Director
COMPENSATION
$111K
AGE
54
TENURE
6.2 yrs

John van der Welle

TITLE
Non-Executive Director
COMPENSATION
$111K
AGE
62
TENURE
6 yrs

Sola Oyinlola

TITLE
Non-Executive Director
COMPENSATION
$111K
AGE
63
TENURE
3.8 yrs

Tom Schmitt

TITLE
Non-Executive Director
COMPENSATION
$25K
AGE
61
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
X
Management checks
We assess Lekoil's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Lekoil has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LEK News

Simply Wall St News

Does Lekoil Limited (LON:LEK) Have A Particularly Volatile Share Price?

If you're interested in Lekoil Limited (LON:LEK), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

How Should Investors React To Lekoil Limited's (LON:LEK) CEO Pay?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Lekan Akinyanmi's Compensation Compare With Similar Sized Companies. … Our data indicates that Lekoil Limited is worth UK£48m, and total annual CEO compensation is US$1.7m.

Simply Wall St -

Is Lekoil Limited's (LON:LEK) Balance Sheet Strong Enough To Weather A Storm?

Lekoil Limited (LON:LEK) is a small-cap stock with a market capitalization of UK£55m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes

Simply Wall St -

Is Lekoil Limited (LON:LEK) Investing Your Capital Efficiently?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Lekoil Limited (LON:LEK): What Does Its Beta Value Mean For Your Portfolio?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Lekoil Limited (LON:LEK): Time For A Financial Health Check

Investors are always looking for growth in small-cap stocks like Lekoil Limited (LON:LEK), with a market cap of UK£71m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Shareholders Should Check The Ownership Structure Of Lekoil Limited (LON:LEK)

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Lekoil is not a large company by global standards.

Simply Wall St -

Does Lekoil Limited (LON:LEK) Fall With The Market?

If you're interested in Lekoil Limited (LON:LEK), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Who Owns Lekoil Limited (LON:LEK)?

In this article, I'm going to take a look at Lekoil Limited’s (AIM:LEK) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … See our latest analysis for Lekoil AIM:LEK Ownership_summary May 16th 18 Institutional Ownership LEK's 34.63% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: LEK's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

Should You Buy Lekoil Limited (LON:LEK)?

I find that Lekoil’s ratio of 0.68x is trading slightly below its industry peers’ ratio of 1.26x, which means if you buy Lekoil today, you’d be paying a relatively reasonable price for it. … Furthermore, it seems like Lekoil’s share price is quite stable, which means there may be less chances to buy low in the future now that it’s fairly valued. … It seems like the market has already priced in LEK’s positive outlook, with shares trading around its fair value.

Simply Wall St -

LEK Company Info

Description

Lekoil Limited explores for, develops, and produces petroleum oil and natural gas in Nigeria, Namibia, Cayman, and internationally. The company owns a 40% interest in the Otakikpo marginal field located in the south-eastern part of the Niger Delta; and a 40% interest in the OPL 310 block located in the Upper Cretaceous fairway that runs along the West African Transform Margin. It also holds a 62% interest in the OPL 325 located in the Dahomey Basin; and a 77.5% interest in the Namibia Blocks 2514B located. The company was founded in 2010 and is based in Lagos, Nigeria.

Details
Name: Lekoil Limited
LEK
Exchange: AIM
Founded: 2010
£37,396,133
536,529,893
Website: http://www.lekoil.com
Address: Lekoil Limited
Churchgate Tower 1,
9th Floor,
Lagos,
Nigeria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM LEK Ordinary Shares London Stock Exchange AIM Market GB GBP 17. May 2013
OTCPK LEKO.F Ordinary Shares Pink Sheets LLC US USD 17. May 2013
DB L5K Ordinary Shares Deutsche Boerse AG DE EUR 17. May 2013
Number of employees
Current staff
Staff numbers
0
Lekoil employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 21:53
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/29
Last earnings filing: 2018/09/28
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.